3- The following data relates to the inventoiy of ALI & CO. which uses Periodic Inventory...
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3- The following data relates to the inventoiy of ALI & CO. which uses "Periodic Inventory System" DATE Jdnuary 01. January 13. January 15. January 30. January 31. COST OF GOODS SOLD Rs.233,200. REQUIRED: Assuming the use of (LIFO) Method Determine the cost of the ending inventory. Deremine teanit cost andytotal cost pfahe January 30. purchases. Beg. Inventory Purchases Purchases Purchases UNIT COST @Rs.0.40 @ Rs.0.42 @ Rs.0.41 @ Rs. ? End. Inventory. @Rs. ? UNITS 80,000 200,000 300,000 100,000 120,000 COST Rs.32,000 Rs.84,000 Rs.123,000 Rs. ? Rs. ? 3- The following data relates to the inventoiy of ALI & CO. which uses "Periodic Inventory System" DATE Jdnuary 01. January 13. January 15. January 30. January 31. COST OF GOODS SOLD Rs.233,200. REQUIRED: Assuming the use of (LIFO) Method Determine the cost of the ending inventory. Deremine teanit cost andytotal cost pfahe January 30. purchases. Beg. Inventory Purchases Purchases Purchases UNIT COST @Rs.0.40 @ Rs.0.42 @ Rs.0.41 @ Rs. ? End. Inventory. @Rs. ? UNITS 80,000 200,000 300,000 100,000 120,000 COST Rs.32,000 Rs.84,000 Rs.123,000 Rs. ? Rs. ?
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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